Laxmipati Engineering Works Ltd
Laxmipati Engineering Works Limited (Formerly known as L. P. Naval & Engineering Limited) is engaged in the Business of Fabrication, Heavy Engineering, Engineering Infrastructure and services and Shut down maintenance projects. The company was incorporated in 2012 as a Ship Building company and has build itself as a reliable partner Manufacturing, Engineering Services, Repair and Upgrade.[1]
- Market Cap ₹ 209 Cr.
- Current Price ₹ 364
- High / Low ₹ 452 / 168
- Stock P/E 22.5
- Book Value ₹ 19.9
- Dividend Yield 0.00 %
- ROCE 18.6 %
- ROE 122 %
- Face Value ₹ 10.0
Pros
- Company has reduced debt.
- Company has delivered good profit growth of 30.9% CAGR over last 5 years
Cons
- Stock is trading at 18.3 times its book value
- Though the company is reporting repeated profits, it is not paying out dividend
- Debtor days have increased from 59.2 to 72.6 days.
- Company's cost of borrowing seems high
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
Half Yearly Results
Figures in Rs. Crores
Profit & Loss
Figures in Rs. Crores
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2.00 | 2.97 | 2.77 | 2.25 | 1.05 | 11.29 | 20.85 | 18.75 | 27.99 | 15.21 | 40.21 | 50.07 | 55.11 | |
| 1.62 | 1.90 | 2.09 | 1.89 | 1.75 | 9.29 | 17.61 | 23.37 | 23.82 | 15.52 | 34.34 | 40.00 | 41.69 | |
| Operating Profit | 0.38 | 1.07 | 0.68 | 0.36 | -0.70 | 2.00 | 3.24 | -4.62 | 4.17 | -0.31 | 5.87 | 10.07 | 13.42 |
| OPM % | 19.00% | 36.03% | 24.55% | 16.00% | -66.67% | 17.71% | 15.54% | -24.64% | 14.90% | -2.04% | 14.60% | 20.11% | 24.35% |
| 0.00 | 0.00 | 0.00 | 0.00 | -0.08 | 0.00 | 0.02 | -0.08 | 0.04 | 0.06 | 0.09 | 0.05 | 0.00 | |
| Interest | 0.16 | 0.14 | 0.11 | 0.16 | 0.19 | 0.45 | 0.78 | 1.61 | 2.82 | 3.09 | 3.85 | 4.23 | 3.84 |
| Depreciation | 0.08 | 0.14 | 0.13 | 0.13 | 0.15 | 0.31 | 0.39 | 0.46 | 0.91 | 1.10 | 1.18 | 1.22 | 1.28 |
| Profit before tax | 0.14 | 0.79 | 0.44 | 0.07 | -1.12 | 1.24 | 2.09 | -6.77 | 0.48 | -4.44 | 0.93 | 4.67 | 8.30 |
| Tax % | 42.86% | 26.58% | 31.82% | 28.57% | 0.89% | 18.55% | 19.14% | -1.48% | 52.08% | 6.53% | 17.20% | -39.19% | |
| 0.08 | 0.58 | 0.30 | 0.05 | -1.13 | 1.01 | 1.70 | -6.67 | 0.23 | -4.73 | 0.78 | 6.50 | 9.29 | |
| EPS in Rs | 0.14 | 1.01 | 0.52 | 0.09 | -1.96 | 1.76 | 2.96 | -11.60 | 0.40 | -8.22 | 1.36 | 11.30 | 16.15 |
| Dividend Payout % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | 33% |
| 5 Years: | 19% |
| 3 Years: | 21% |
| TTM: | 19% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 27% |
| 5 Years: | 31% |
| 3 Years: | 205% |
| TTM: | 1155% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 26% |
| 5 Years: | 44% |
| 3 Years: | % |
| 1 Year: | 52% |
| Return on Equity | |
|---|---|
| 10 Years: | -2% |
| 5 Years: | -15% |
| 3 Years: | 24% |
| Last Year: | 122% |
Balance Sheet
Figures in Rs. Crores
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 5.75 | 5.75 | 5.75 | 5.75 | 5.75 | 5.75 | 5.75 | 5.75 | 5.75 | 5.75 | 5.75 | 5.75 | 5.75 |
| Reserves | 4.22 | 4.80 | 5.10 | 5.15 | 4.01 | 5.02 | 6.72 | 0.05 | 0.27 | -4.45 | -3.68 | 2.82 | 5.70 |
| 4.54 | 3.54 | 4.08 | 4.38 | 7.53 | 11.69 | 12.58 | 24.55 | 30.73 | 37.69 | 40.11 | 45.12 | 19.85 | |
| 0.25 | 0.51 | 0.59 | 0.33 | 0.64 | 2.20 | 2.85 | 5.28 | 3.65 | 4.69 | 4.10 | 5.85 | 46.43 | |
| Total Liabilities | 14.76 | 14.60 | 15.52 | 15.61 | 17.93 | 24.66 | 27.90 | 35.63 | 40.40 | 43.68 | 46.28 | 59.54 | 77.73 |
| 12.27 | 12.14 | 12.22 | 12.15 | 13.82 | 15.35 | 15.56 | 17.41 | 25.14 | 29.84 | 30.23 | 31.51 | 34.71 | |
| CWIP | 1.41 | 1.48 | 1.52 | 1.59 | 1.59 | 1.59 | 3.51 | 6.82 | 6.75 | 1.59 | 1.59 | 1.59 | 1.59 |
| Investments | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| 1.08 | 0.98 | 1.78 | 1.87 | 2.52 | 7.72 | 8.83 | 11.40 | 8.51 | 12.25 | 14.46 | 26.44 | 41.43 | |
| Total Assets | 14.76 | 14.60 | 15.52 | 15.61 | 17.93 | 24.66 | 27.90 | 35.63 | 40.40 | 43.68 | 46.28 | 59.54 | 77.73 |
Cash Flows
Figures in Rs. Crores
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 0.31 | 0.76 | -0.34 | 0.06 | -0.95 | -1.71 | 2.36 | -4.76 | 4.92 | -3.38 | 2.66 | 2.38 | |
| -0.88 | -0.07 | -0.26 | -0.11 | -1.83 | -1.86 | -2.55 | -5.62 | -8.56 | -0.63 | -1.21 | -3.16 | |
| 1.02 | -1.12 | 0.55 | 0.09 | 3.07 | 3.77 | 0.12 | 10.35 | 3.37 | 3.86 | -1.42 | 0.77 | |
| Net Cash Flow | 0.45 | -0.43 | -0.04 | 0.04 | 0.28 | 0.20 | -0.07 | -0.03 | -0.27 | -0.15 | 0.03 | -0.02 |
Ratios
Figures in Rs. Crores
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 31.02 | 68.82 | 150.22 | 188.18 | 330.24 | 190.42 | 113.96 | 127.70 | 52.68 | 76.31 | 28.68 | 72.61 |
| Inventory Days | 84.23 | 547.50 | 1,668.57 | 202.48 | 278.68 | 509.65 | 202.93 | 1,074.57 | 189.00 | 243.27 | ||
| Days Payable | 56.15 | 628.61 | 1,042.86 | 301.06 | 328.01 | 515.06 | 147.52 | 363.64 | 38.04 | 59.85 | ||
| Cash Conversion Cycle | 59.10 | 68.82 | 69.11 | 188.18 | 955.95 | 91.84 | 64.64 | 122.29 | 108.09 | 787.24 | 179.65 | 256.03 |
| Working Capital Days | -660.65 | -334.28 | -339.96 | -449.36 | 577.05 | 176.52 | 101.53 | 121.08 | 50.99 | 76.31 | 52.92 | 100.31 |
| ROCE % | 2.16% | 6.50% | 3.79% | 1.52% | -5.22% | 8.50% | 12.04% | -18.34% | 9.84% | -3.56% | 11.75% | 18.57% |
Documents
Announcements
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Financial Results For Half Year Ended On September 30, 2025
12 Nov - Approved standalone unaudited H1 results: revenue Rs2,844.45 lakh; net profit Rs287.97 lakh; board met Nov 12, 2025.
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Board Meeting Outcome for Outcome Of Board Meeting Of The Company Held On November 12, 2025 And Submission Of Standalone Unaudited Financial Results For The Half Year Ended On September 30, 2025
12 Nov - Standalone unaudited H1 ended Sep 30, 2025 results: revenue Rs2,844.45L, PAT Rs287.97L; approved Nov 12, 2025.
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Board Meeting Intimation for Intimation Of The Board Meeting To Be Held On November 12, 2025.
4 Nov - Board meeting Nov 12, 2025 to approve standalone unaudited H1 results for Sept 30, 2025; trading window closed.
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Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
14 Oct - Certificate under Reg 74(5) confirming dematerialisation for quarter ended Sep 30, 2025.
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Closure of Trading Window
27 Sep - Trading window closed from Oct 1, 2025 until 48 hours after announcement of unaudited H1 (Sept 30, 2025) results.
Annual reports
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Financial Year 2025
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Financial Year 2024
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Financial Year 2023
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
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Business[1]
Laxmipati Engineering Works Limited generates its major revenue by providing manpower and fabricating service to Engineering sector.